The Lazarus Group: Behind the Hack on CoinsPaid
CoinsPaid, a crypto payments platform, has resumed operations after being hit by a hack that resulted in the theft of $37 million. The platform believes that the notorious Lazarus Group was responsible for the attack. Here are the key points:
– CoinsPaid experienced a hacker attack on July 22, with hackers stealing $37.3 million. The company suspects the Lazarus Group, a powerful hacker organization, orchestrated the hack.
– The Lazarus Group has targeted major companies in the past, including Sony, Atomic Wallet, and Axie Infinity, with the latter resulting in a theft of $625 million.
– CoinsPaid has resumed operations in a new, secure environment and assures users that their funds are safe.
– Despite the loss, CoinsPaid’s team of experts was able to prevent a higher loss of funds and believes the Lazarus Group was expecting a larger sum.
– CoinsPaid plans to hold a roundtable with other victims of the Lazarus Group and launch an initiative to minimize future attacks.
In conclusion, CoinsPaid has identified the Lazarus Group as the perpetrator of the hack and has taken steps to secure its platform. It is now focusing on collaborating with other victims to prevent such attacks in the future.
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